BANK NIFTY Recap and Market Outlook with News, Events effects on Chart 14-Jan-21(Thursday)

Today Bank Nifty Open Positive and Trade Choppy Session no High Volatility on Expiry

Today Nifty and Nifty Bank Weekly Expiry

Economic Events:-

WPI Manufacturing YoY Dec Previous:2.97% Current: 4.24% (WPI=Wholesale Price Index)(YoY= Year of Year)

WPI Food YoY Dec Previous:3.94% Current:-1.11%

WPI Fuel YoY Dec Previous:-9.87% Current:-8.72%

WPI Inflation YoY Dec Previous:1.55% Current: 1.22%

Events Data from: Trading Economics

News:-

Paddy Procurement Jumps Around 26.50% On Year

RBI Financial Stability And Development Council Discuss Scope for Improvements in Insolvency Resolution Under IBC

Currency in Circulation Rise 14.3% This financial

Wholesale Price Inflation Moderates, Food Price See Sharp Deceleration

News Data From: Capital Market

Support and Resistant for Friday:-

NIFTY Support :- 14550.05 NIFTY Resistant:-14639.80

NIFTY BANK Support:-32600 NIFTY BANK Resistant:-32480

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